Prominent tech investor Chamath Palihapitiya expressed his admiration towards Warren Buffett, calling the "Oracle of Omaha" the greatest of all time after analyzing his latest bet on Japan.
The 92-year-old Buffett recently hiked his stakes in five Japanese trading houses — Itochu , Marubeni , Mitsubishi , Mitsui and Sumitomo — to more than 8.5%.
These companies, which are roughly akin to a conglomerate structure just like Berkshire, make good investments because they are stable dividend payers and earning growers, Palihapitiya said.
The 92-year-old Buffett paid a visit to Japan and met with the heads at these Japanese firms earlier this year.
Similar to Berkshire, the Japanese trading firms, also known as sogo shosha, are conglomerates involved in a wide range of products and services, including energy, machinery, chemicals, food, finance and banking.
Persons:
Chamath Palihapitiya, Warren Buffett, Palihapitiya, Capital's Palihapitiya, Buffett, What's, he's
Organizations:
Buffett, Mitsubishi, Mitsui, Sumitomo, Tokyo Stock Exchange
Locations:
Omaha, Japan, Berkshire